Tuesday, January 4, 2022

Working From Home Has Changed the Long Beach Island Real Estate Sales Market

 

Working From Home Has Changed the Long Beach Island Real Estate Sales Market



Long Beach Island Real Estate

There is no doubt that the world has changed since COVID. While the pandemic’s impact varies, remote working has changed the LBI real estate market. It is clear that the average price of a home in the Long Beach Island real estate market has risen at least in part due to COVID, but the motivations for the changes are important to understand. For example:

  • Many buyers view Long Beach Island as safer
  • Working from home allows buyers to spend more time on LBI
  • Buyers and homeowners are looking to incorporate a home office into their beach house

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

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Sunday, January 2, 2022

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 12/26/2021-1/2/2022

 

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 12/26/2021-1/2/2022




Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 12/26/2021-1/2/2022: Happy New Year! This is the first weekly sales update of 2022 and things got off to an interesting start overall. There were a total of 49 changes to the Long Beach Island real estate market this week, but a large percentage of these changes were due to expired listings. To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 1 new listing entered the market
  • 11 listings went under contract with an average listing price of about $2,006,491
  • 7 properties sold on Long Beach Island with an average price of $1,741,286
  • 1 listing saw A price reduction in the LBI real estate market

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

More LBI Real Estate Information:

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Monday, December 27, 2021

Long Beach Island Real Estate Market Sales Explained in Four Current Trends

 

Long Beach Island Real Estate Market Sales Explained in Four Current Trends







Long Beach Island Real Estate

The LBI real estate market has changed a great deal since COVID. While sales were strong and confidence in the LBI real estate was high before 2020, the sales market saw significant changes in consumer behavior. As we move further into 2021, it is clear that there are opportunities for both buyers and sellers in this market. Any buyer or seller looking to invest in the Long Beach Island real estate market needs to understand the current trends that we are experiencing and understand how to react to them. Currently, the Long Beach Island real estate sales market can be explained in four trends. They are:

  • There are not enough homes for sale in the LBI real estate market, but that is starting to improve
  • Interest rates are still very low, creating an opportunity for buyers.
  • Increased demand has led to multiple offers on many homes
  • Prices have risen dramatically and are likely to keep increasing

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

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Tuesday, December 21, 2021

When Will Inventory Improve in the Long Beach Island NJ Real Estate Market

 

When Will Inventory Improve in the Long Beach Island NJ Real Estate Market







Long Beach Island Real Estate

Since COVID-19, the number of homes for sale in the LBI real estate market has been much lower than average. In a pre-COVID market, there were around 500-600 homes for sale at any point. As the demand for homes in the LBI real estate market soared, the number of homes for sale on Long Beach Island dropped to about 50-75 at one point! While inventory has since improved, many buyers looking to purchase a home on Long Beach Island are left to wonder if there will be more homes for sale in the LBI real estate market?

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

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Sunday, December 19, 2021

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 12/12/2021-12/19/2021

 

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 12/12/2021-12/19/2021





Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 12/12/2021-12/19/2021: As 2021 winds down, there was a slight increase in overall market activity this week. There were a total of 40 changes to the Long Beach Island real estate market this week with a high number of closed transactions! To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 5 new listings entered the market with an average price of $2,187,600
  • 9 listings went under contract with an average listing price of about $1,947,889
  • 16 properties sold on Long Beach Island with an average price of $1,661,806
  • 3 listings saw price reductions in the LBI real estate market

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com



Click here to search all homes for sale in the Long Beach Island NJ real estate market

More LBI Real Estate Information:

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Thursday, December 16, 2021

What to Do and What Not To Do: Tips for a Home Buyer’s Offer in the LBI NJ Real Estate Market

 

What to Do and What Not To Do: Tips for a Home Buyer’s Offer in the LBI NJ Real Estate Market







Tuesday, December 14, 2021

Don’t Believe Everything You Read About the Long Beach Island Real Estate Market or the National Real Estate Market

 

Don’t Believe Everything You Read About the Long Beach Island Real Estate Market or the National Real Estate Market







Long Beach Island Real Estate

As we come into 2022, things will likely change. COVID is (hopefully) coming under better and better control, and we are starting to see more of a return to a “normal” world. With this normalization, there are three trends that some may point to as the beginning of the end of the LBI real estate market. Sadly, we live in a world where bad news sells, so all buyerssellers, and investors need to separate the truth from the dramatization. There are three critical areas of the LBI real estate market that we are starting to hear some point to as reasons for concern. They are:

  • A rise in foreclosures
  • Interest rates rising
  • An end to remote working

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

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